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Capricorn Systems Global Solutions has announced the withdrawal of its proposed preferential issue of 1.7 crore Warrants, convertible into equity shares. The company's Board of Directors decided to cancel the issuance and withdraw the corresponding application for in-principle approval from BSE, citing certain technical reasons. This move comes after shareholders had previously approved the Warrants' issue. The decision means the company will not proceed with this specific capital raising plan, impacting its previously outlined funding strategy and potential future shareholding structure.
All announcements from Capricorn Systems Global Solutions Ltd